Apples currently sell for 20 apiece. Label each of the following sentences certainly true, possibly true, or
Question:
certainly true, possibly true, or certainly false and justify your answers.
a. A 10¢ sales tax would cause the price of apples to fall to 15¢, but a 10¢ excise tax would cause the price of apples to rise to 25¢.
b. A 10¢ sales tax would cause the price of apples to rise to 25¢, but a 10¢ excise tax would cause the price of apples to fall to 15¢.
c. A 10¢ sales tax would cause the price of apples to fall to 15¢, and so would a 10¢ excise tax.
d. A 10¢ sales tax would cause the price of apples to rise to 25¢, and so would a 10¢ excise tax.
e. A 10¢ sales tax would cause the price of apples to fall to 17¢, and a 10¢ excise tax would cause the price of apples to rise to 27¢.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: